“My personal objective this year is to see Monbat's shares go up to 40 leva,” Atanas Bobokov said at a press conference today.

The company (

) invested a total of 34.128 mln leva (17.449 mln euros) during the past year, he added.

At least 20% of the profit will be allocated as dividend on 2007 income.

Monbat Jsc saw its earnings grow 119.5% y/y to 19.426 mln leva, 9.932 mln euros ( 1 lev per share).

2007 revenues stood at 143.994 mln leva (73.622 mln euros), which is 83.2% up from a year ago.

Main shareholder is Prsita Oil, which controls 68.3% of the capital.

Shares are down 0.78% so far today to an average of 25.49 leva.